Indian Capital Goods Undiscovered Gems With Strong Fundamentals

Frontier Springs

Market Cap: ₹18.1b

Produces and sells L.H.B.

Precision Wires India

Market Cap: ₹32.8b

Manufactures and sells insulated enamelled winding wires and other insulated electric conductors in India and internationally.

Shanthi Gears

Market Cap: ₹44.4b

Designs, manufactures, supplies, and services gears and gear boxes in India, the United States, Europe, and internationally.

Dynamic Cables

Market Cap: ₹19.8b

Manufactures and supplies cables and conductors in India and internationally.

Spectrum Electrical Industries

Market Cap: ₹24.4b

Designs, manufactures, and sells electrical, automobile, and irrigation components in India.

HBL Engineering

Market Cap: ₹158.3b

Manufactures and sells batteries, power electronics, and spun concrete products in India and internationally.

GPT Infraprojects

Market Cap: ₹16.2b

GPT Infraprojects Limited, together with its subsidiaries, carries out civil and infrastructure projects in India and internationally.

Marine Electricals (India)

Market Cap: ₹24.0b

Manufactures and sells various marine and industrial electrical and electronic components in India and internationally.

Creative Newtech

Market Cap: ₹9.3b

Distributes information technology (IT), gaming, imaging, lifestyle, and security products in India and internationally.

Automobile Corporation of Goa

Market Cap: ₹10.9b

Manufactures and sells pressed parts, components, sub-assemblies, and bus bodies for range of automobiles in India.

Carraro India

Market Cap: ₹27.6b

Manufactures and sells automotive equipment, parts, and components in India and internationally.

HPL Electric & Power

Market Cap: ₹35.8b

Manufactures and sells electric equipment under the HPL brand in India.

DISA India

Market Cap: ₹20.8b

Manufactures and sells foundry machinery and machinery parts in India and internationally.

Servotech Renewable Power System

Market Cap: ₹30.0b

Manufactures and sells light-emitting diode (LED) lights, electric vehicle (EV) chargers, and solar power products in India and internationally.

TD Power Systems

Market Cap: ₹73.2b

Manufactures and sells AC generators and electric motors in India, Japan, the United States, Europe, and Turkey.

Vintage Coffee and Beverages

Market Cap: ₹19.1b

Through its subsidiaries, primarily engages in the manufacture, export, and sale of coffee and beverage products in India and internationally.

BF Utilities

Market Cap: ₹28.9b

Engages in the infrastructure business in India.

Man Infraconstruction

Market Cap: ₹70.7b

Provides civil construction services in India.

Inox Wind Energy

Market Cap: ₹128.3b

Engages in the manufacture and sale of wind turbine generators (WTGs) in India.

Kirloskar Brothers

Market Cap: ₹157.3b

Provides fluid management solutions worldwide.

Balu Forge Industries

Market Cap: ₹71.2b

Manufactures and sells crankshafts in India and internationally.

Jyoti Structures

Market Cap: ₹20.1b

Manufactures and sells transmission line towers, substation structures, and tall antenna towers/masts in India and internationally.

Shakti Pumps (India)

Market Cap: ₹111.4b

Engages in the manufacture, trade, and sale of pumps, motors, and their spare parts under the Shakti brand name in India and internationally.

Gala Precision Engineering

Market Cap: ₹10.9b

Manufactures and sells precision components in India and internationally.

Concord Control Systems

Market Cap: ₹11.0b

Engages in the manufacture and supply of coach related and electrification products for Indian railways and other railway contractors in India.

Sika Interplant Systems

Market Cap: ₹24.0b

Engages in manufacturing and rendering engineering products, engineering projects/systems, and services for aerospace, defense and space, and automotive sectors in India.

HLE Glascoat

Market Cap: ₹29.3b

Manufactures and sells carbon steel glass lined equipment in India and internationally.

Quality Power Electrical Equipments

Market Cap: ₹60.6b

Provides power products and solutions for power generation, transmission, distribution, and automation sectors.

Action Construction Equipment

Market Cap: ₹131.2b

Manufactures and sells material handling and construction equipment primarily in India.

Ingersoll-Rand (India)

Market Cap: ₹125.4b

Manufactures and sells industrial air compressors and related services in India.

Shaily Engineering Plastics

Market Cap: ₹72.7b

Engages in the manufacture and sale of precision injection moulded plastic components/products in India.

Isgec Heavy Engineering

Market Cap: ₹83.9b

Provides engineering solutions worldwide.

Zen Technologies

Market Cap: ₹160.4b

Together with its subsidiary, designs, develops, manufactures, and sells training simulators in India and internationally.

Indian Hume Pipe

Market Cap: ₹22.4b

Engages in construction contract activities in India.

Olectra Greentech

Market Cap: ₹121.5b

Manufactures and sells electrical buses and trucks in India.

Skipper

Market Cap: ₹56.4b

Manufactures and sells transmission and distribution structures, telecom towers, and fasteners in India.